Equinix back over major level
Equinix (EQIX US) has been consolidating for the last month and is now back again over major resistance 769. Next resistance level is 850. Source : Bloomberg
Mastercard breakout
Mastercard (MA US) broke in July major resistance zone 390-395. Since then, there was a 6 weeks consolidation but remained over the 390 level on all weekly closings. This week breaking the 405 highs and confirming breakout. Source : Bloomberg
Bitcoin strong move just over major support
Bitcoin (XBTUSD) is moving strongly to the upside after recently testing major support zone 24'650-25'250. Source : Bloomberg
Honeywell back on support level
Honeywell (HON US) is retesting support zone 184-186. If that level doesn't hold, next support will be 178 and major one 167-170. Source : Bloomberg
NASDAQ's bearish cross. The 21 day has now crossed the 50 day moving average.
NASDAQ futures putting in the biggest down candle in a long time and it looks like we have a new short term trend channel to watch. Source: TME
S&P 500 Head & Shoulders ???
S&P 500 (SPX) was unable to breakout yesterday the July downtrend. Now there is a potential Head & Shoulders reversal pattern (one of the most reliable patterns). Keep an eye on the neckline at 4325 for a confirmation of the H&S. Source : Bloomberg
Merck trying to breakout ?
Merck (MRK US) is testing resistance. Will it be able to breakout triangle pattern ? Source : Bloomberg
McDonald on major support
McDonald (MCD US) is testing for the second time the April breakout level. Keep an eye on this zone 279-282. Source : Bloomberg
